Common use of Project Completion Schedule Clause in Contracts

Project Completion Schedule. As of the Closing Date, the Qualified Agency reasonably expects that the Project Completion Amount will be expended within the time periods set forth in Exhibit B hereto. The Qualified Agency represents that it is not aware of any fact or circumstance that could cause the entire Project Completion Amount not to be expended as set forth in the Project Completion Schedule, as amended from time to time. Upon becoming aware of any circumstances that will result in a deviation from Exhibit B hereto of $(10-20% of Project Amount, depending on size of Project) or more, the Qualified Agency shall notify the Executive Director of the amount and nature of such deviation. Upon becoming aware of any circumstances that will result in the expenditure for Project Costs in any “Expenditure Period” (as set forth in Exhibit B hereto) of an aggregate amount that is less than the amount set forth in Exhibit B hereto for such Expenditure Period, the Qualified Agency shall notify the Executive Director of (1) such aggregate expenditure amount, and (2) the reason(s) that such expenditure amount will be less than the amount set forth in Exhibit B hereto.

Project Completion Schedule. (a) As of the Closing Date, the Qualified Agency reasonably expects that the Project Completion Amount will be expended within the time periods set forth in Exhibit B hereto. The Qualified Agency represents that it is not aware of any fact or circumstance that could cause the entire Project Completion Amount not to be expended as set forth in the Project Completion Schedule, as amended from time to time. . (b) Upon becoming aware of any circumstances that will result in a deviation from Exhibit B hereto of $(10-20% of Project Amount, depending on size of Project) or more, the Qualified Agency shall notify the Executive Director of the amount and nature of such deviation. . (c) Upon becoming aware of any circumstances that will result in the expenditure for Project Costs in any “Expenditure Period” (as set forth in Exhibit B hereto) of an aggregate amount that is less than the amount set forth in Exhibit B hereto for such Expenditure Period, the Qualified Agency shall notify the Executive Director of (1) such aggregate expenditure amount, and (2) the reason(s) that such expenditure amount will be less than the amount set forth in Exhibit B hereto.